Minneapolis Fed's Kashkari Says Inflation Still High Despite Softer Price Data
JH Kim
Summary
- Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said recent price data came in below market expectations, but inflation remains high.
- He said caution is still needed on current inflation levels, regardless of the slowdown in price growth.
- Kashkari did not comment specifically on the future direction of monetary policy or whether interest rates could be adjusted.
Forecast Trend Report by Period
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, said inflation remains high even as price increases have come in softer than expected.
Cointelegraph reported on October 1 that Kashkari said recent inflation data came in below market expectations, but the overall level of inflation remains elevated.
He also indicated that slower price growth than expected does not lessen the need for caution over current inflation levels.
Kashkari did not specifically comment on the future direction of monetary policy or on whether interest rates could be adjusted.
JH Kim
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